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Pro-tips for Buying and Selling Real Estate.

May 29, 2018

Accessory Dwelling Units (ADUs)

 

My personal opinion is that one of the more innovative, and possibly game changing, trends in housing might be related to ADUs.

Here's why.

Accessory Dwelling Units address 2 major issues in housing today. First, they create more rental units and second the rental income allows home owners either to stay in their current homes or afford to buy even though prices have gone up.

If you are not familiar with what I am referring to, Accessory Dwelling Units (ADUs) are known by many names. They are sometime called granny flats, in-law units, backyard cottages, secondary units and more. No matter what you call them, ADUs are an innovative, affordable, effective option for adding much-needed housing in California. Since the law was initially passed, there have been some updates and this is an evolving subject as people often say.

State legislation that took effect January 1, 2017 gave California cities more flexibility and latitude for allowing homeowners to build ADUs.

One year later, effective January 1, 2018, new laws were passed to clarify and improve various provisions of the law to promote the development of ADUs, including allowing ADUs to be built concurrently with a single-family home, opening areas where ADUs can be built to include all zoning districts that allow single-family uses, modifying fees from utilities, such as special districts and water corporations, and reducing parking requirements.

What are the benefits of ADUs?

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May 28, 2018

Sold in Redondo Beach by Ellis Posner

121 S Helberta Unit A SOLD for $1,200,000

My listing at 121 S Helberta Unit A, a fully detached 3 bedroom 2817 Sq Ft townhouse built in 1991 with a loft and an ocean peek from the upper deck closed escrow in January for $1,200,000 which was just slightly above the original MLS list price.

I had it staged so it (mostly) looked great. Well the photos were great but it did need quite a refresh and some updates. It was literally in the same condition as when my Seller client bought it around 6 years ago. I should also add bought it for a lot less than he sold it for.

A few observations about 2 and 3 on a lot Townhome pricing in North and South Redondo Beach.

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May 27, 2018

Ellis Posner | Pier to Pier Brokers

As some of my friends, family and business associates already know, I changed Real Estate firms and joined Pier to Pier Brokers in Hermosa Beach.

It may seem like only yesterday, although it was three plus years ago, that I made my last move.

Here’s what’s going on.

I really don’t like changing employers but unfortunately the previous two firms I was with were sold. Since I prefer to choose the time and place of any major changes myself rather than have others make them for me, whenever I am in that situation I wait a few months and then ask myself the following questions.

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July 4, 2017

Redondo Beach CA Top Rated Real Estate Agents

Top Rated Real Estate Agent Redondo Beach CA

So if you ask me who is the best Real Estate Agent in Redondo Beach of course I am going to say yours truly. I'm sure you wouldn't expect anything less.

Actually Zillow has come to the same conclusion and often rates me number one in a number of their ranking categories (most reviews, sales, listings, etc).

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June 18, 2017

North Redondo Beach Market Update: May 2017

 

May finished with 49 closed sales in North Redondo Beach making it the best month so far in 2017 and brining the total closed sales in 2017 to 189. Scroll down to the bottom of this article to view all the sold properties in detail with full MLS descriptions and multiple pictures.

Here's the YTD recap by month:

  • January 23
  • February 33
  • March 41
  • April 43
  • May 49

So before we start writing headlines that "sales are up 15%" let's take a step back for a second and look a little more closely at the data.

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June 16, 2017

HGTV: Reality TV Not Real Estate

 

HGTV: Never watched it until very recently. Really. What I have done is help hundreds of Buyers and Sellers actually do transactions, preview thousands of properties, go on endless inspections, meet with appraisers, contractors, and everyone else in the process. But HGTV, no.

It could be that maybe I'm the only one I know who wasn't watching it but I'm watching it now. Why? I realize that just as all most of my clients are addicted to Zillow, or at least for the time they are buying or selling a home, they are also consuming tons of content from this channel. 

My attitude about all this is the same as how I view Zillow and other portal websites that offer listings, AVMs, advice and more. It has a purpose and place but there's just enough data points out there on the Internet to get the public totally and completely confused. I guess that goes for cable TV too because as far as I can tell from my admittedly limited viewing time, this some some really out there stuff (or substitute another more vernacular "s" word.)

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Posted in HGTV
June 15, 2017

Hermosa Beach Homes for Sale: New Construction

Hermosa Beach New Construction Townhome

1635 Palm Dr, Hermosa Beach 90254 MLS SB17135203

Cosmopolitan Sand Section Residence with 60 feet of ocean-facing frontage. It’s a unique feature that exploits an east-west orientation that includes a top floor of panoramic views that stretch across the kitchen and bar area to the dining room and lounge areas. In the midst of this space is a leisured, open-air lounge where sliding glass panels cleverly merge it with the indoors. Featuring 4 bedrooms, 3.5 bathrooms and 3219 sq ft of luxury living space, this masterpiece is a perfect marriage of richly colored wood, concrete, bronze anodized aluminum, tinted glass and porcelain tile. This Chic home even comes complete with a 3 Stop Elevator and Putting Green. This designer property takes maximum advantage of the incredible climate of the area that we are so fortunate to call home. On any given day, the weather outside is so desirable that you may never want to come indoors. The Modernist Design is ideal for creating a home that allows one to soak up the landscape, and weather, from the moment you wake up and within the ease of your home. By creating homes that communicate both visually, and climatically, with the outside it is possible to feel outside without leaving the comforts of your own living room.

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Jan. 17, 2017

North Redondo Beach Dec 2016 Sales

North Redondo Beach Market Recap December 2016

 North Redondo Beach homes are still in very high demand and you can expect the low inventory and Seller's Market of the past few years to continue into 2017. 

 It is very likely that even though many properties are selling at their previous highs prices will go higher but at a slower pace than the blistering price acceleration we saw over the past few years. 

Based on three metrics: 

  • time-on-market
  • sale-to-list price ratio 
  • the frequency of price cuts

the market temperature in 90278 is considered "hot".

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Dec. 4, 2016

South Redondo Beach Homes Sold November 2016

Redondo Beach November Market Trends

There were 32 closed escrows in South Redondo Beach CA 90277 during November of 2016. 

This is an increase of just about 10% from the 29 properties sold during October. As of this posting there are 51 properties in escrow so we can expect to see a strong finish to the year as these close escrow during December.

There are only 37 available active listings in South Redondo Beach so this is still a fairly strong Seller's Market. At least for now.

By comparison there were 39 closed escrows in North Redondo Beach 90278, 16 in Hermosa Beach and 33 in Manhattan Beach CA rounding out the Beach Cities.

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Nov. 26, 2016

Redondo Beach Shipping Container Homes

Redondo Beach Shipping Container House

A few years ago a friend of mine who owns a lot in the Red Hook section of Brooklyn, NY (think hipster neighborhood for ultra hipsters) had plans to build on a lot he owned using shipping containers. For various reasons, not the least of which was that the property really wasn't zoned for residential he couldn't do it but I've been thinking about ultra modern shipping container homes ever since. One of my questions was compliance with earthquake codes but apparently this requirement can be met as we now see a shipping container home nearing completion in South Redondo Beach CA.

Why Build with Shipping Containers?

Shipping containers typically cost only $1800 – $5000 (some as little as $800) depending on their size. They are readily available for purchase as containers that are shipped to their final destinations are usually too expensive to ship back. These containers are also eco-friendly, as they are re-purposed into homes instead of being melted down when they are scrapped or shipped back empty.

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